MS RENOV-CONSTRUCT
ActiveMS RENOV-CONSTRUCT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67k and a net result of €11k. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 33% of 7321 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
86
/ 100
Excellent▲ +41 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+80
Solvency48▲+11
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.13 in 2024), and 72.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27.5%
Return on assets
4.4%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
21 d late
2024
24 d late
2023
23 d late
2022
7 d early
2021
4 d late
2020
20 d late
2019
87 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€67k▲ 19.0%
2024 · €56k
2018: €28k
2019: €31k
2020: €32k
2021: €44k
2022: €47k
2023: €56k
2024: €56k
2018 → 2025
Total assets
€242k▲ 2.6%
2024 · €236k
2018: €96k
2019: €113k
2020: €113k
2021: €126k
2022: €109k
2023: €227k
2024: €236k
2018 → 2025
Net result
€11k
2024 · €-435
2018: €408
2019: €3k
2020: €2k
2021: €13k
2022: €3k
2023: €9k
2024: €-435
2018 → 2025
Working capital
€42k▲ 88.3%
2024 · €22k
2018: €-42k
2019: €-23k
2020: €-6k
2021: €-3k
2022: €9k
2023: €19k
2024: €22k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€47k▲ 7.5%€56k▲ 19.8%€56k▼ 0.8%€67k▲ 19.0%
Operating result€15k-€6k▼ 62.0%€15k▲ 174%€2k▼ 88.4%€16k▲ 790%
Net result€13k-€3k▼ 74.2%€9k▲ 183%€-435€11k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 790% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €242k
Fixed assets
€28k▼ 36.2%
Current assets
€215k▲ 11.3%
Equity and liabilities €242k
Equity
€67k▲ 19.0%
Debt
€176k▼ 2.5%
The debt ratio falls from 76.3% to 72.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€31k▲
2024 · €13k
Cash flow
€26k▲
2024 · €10k
Solvency
27.5%▲
2024 · 23.7%
Current ratio
1.24▲
2024 · 1.13
Quick ratio
1.24▲
2024 · 1.13
Debt / equity
2.64▼
2024 · 3.22
ROE
15.9%▲
2024 · -0.8%
ROA
4.4%▲
2024 · -0.2%
Interest coverage
24.90▲
2024 · 10.34
Debt
€176k▼
2024 · €180k
Debt ≤ 1 year
€172k▲
2024 · €170k
Debt > 1 year
€3k▼
2024 · €10k
Income taxes
€5k▲
2024 · €992
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€236k€242k▲
Fixed assets21/28€43k€28k▼
Tangible fixed assets22/27€43k€28k▼
Plant, machinery and equipment23€2k€806▼
Furniture and vehicles24€42k€27k▼
Current assets29/58€193k€215k▲
Amounts receivable within one year40/41€153k€161k▲
Trade receivables40€153k€137k▼
Other amounts receivable41-€24k
Cash at bank and in hand54/58€38k€53k▲
Deferred charges and accrued income490/1€2k€691▼
Equity and liabilities
Total equity and liabilities10/49€236k€242k▲
Equity10/15€56k€67k▲
Contributions10/11€19k€19k=
Reserves13€11k€16k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€9k€14k▲
Profit (loss) carried forward14€26k€32k▲
Amounts payable17/49€180k€176k▼
Amounts payable after more than one year17€10k€3k▼
Financial debts170/4€10k€3k▼
Amounts payable within one year42/48€170k€172k▲
Current portion of amounts payable after more than one year42€6k€7k▲
Trade debts44€32k€22k▼
Suppliers440/4€32k€22k▼
Taxes, remuneration and social security45€14k€389▼
Taxes450/3€14k€389▼
Other amounts payable47/48€118k€143k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€16k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€14k€33k▲
Operating profit (loss)9901€2k€16k▲
Financial income75/76B-€841
Recurring financial income75-€841
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€557€15k▲
Income taxes67/77€992€5k▲
Profit (loss) for the period9904€-435€11k▲
Profit (loss) for the period to be appropriated9905€-435€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€26k€37k▲
Profit (loss) brought forward from the previous period14P€27k€26k▼
Transfer to equity691/2-€5k
To other reserves6921-€5k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 24 days late
2024
31-12
Financial
Weakest financial yearnet €-435 ▼105%
Net result drops to €-435, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Highest result since 2018net €13k ▲641%
Net result €13k, the highest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue du Printemps 11410 WaterlooGround area
643 m²
Building footprint
123 m²
Volume, LiDAR
859 m³
Parcel 25110B0318/00_000, Wallonia · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MS RENOV-CONSTRUCT SPRL
since 20162.252.135.805
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110B0318/00_000 | Wallonia | 643 m² | 1 · 123 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SANRO
BE 0476.486.071
Elsene · Eq €67k
NARCOM
BE 0680.932.179
Sint-Pieters-Leeuw · Eq €67k
DIXART
BE 0804.901.446
Lasne · Eq €67k
PRORENOV
BE 0897.899.405
Ans · Eq €67k
ENTREPRISE CONSTRUCT
BE 0504.948.940
Ukkel · Eq €67k
Of 29,551 companies in sector 41001 we hold annual accounts for 15,877. 13,082 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-04-2016
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.